The Increasing Business Risk of Cloud Cyberattacks

eCommerce Times, Peter S. Vogel

It is hard to figure out which is growing at a faster pace -- movement to the cloud or cybercrime. Cybercrime is following the data to the cloud, according to reports, to find and steal cloud data of hotel records, credit card information, and maybe even corporate secrets and the client files of lawyers.

The cloud is actually old news. The concept of managing data for business on a remote computer has been around for 50 years. It began as a college effort to make computing available to students in 1964, when Dartmouth University started a remote computing service called "time-sharing." That service used telephone lines rather than Internet connections. Read more.